How much life insurance is enough

How much life insurance is enough is something only you can answer. No two people will have exactly the same amount. Many factors play a role in determining what amount makes sense for your particular situation. Sitting down with your insurance agent can help you when it comes to making sure you have the coverage you need and can afford. In St. Augustine, FL, Tim Huber Insurance believes in offering his customers lots of choices and also getting to know them personally to better meet their needs. 

How much life insurance is enough depends on a few things. All of them contribute to coming up with the correct figure.

How much insurance is provided by your employer?

While employer insurance isn’t the first line of defense in your life insurance arsenal, it adds something to the plan. You may not need to get quite as much in your personal life insurance portfolio. Keep in mind that you may not be able to continue to have this policy if you change employers, so you need to make sure you have an adequate amount of personal life insurance.  

Who depends on you for support?

If you are married, your spouse may count on your pay to supplement theirs and if you have children, their support needs to be taken into account. How about aging parents? Will they need to receive any support from you? 

For how long does your support need to last?

The age of your children is the main factor in determining how much life insurance is enough. If they are young, it could be 15 or more years and that may not even include college. But, you need to be able to afford to pay for what seems like an immense amount of life insurance. Your independent insurance agent has access to many carriers and can help you make an affordable plan

Contact Tim Huber Insurance in St. Augustine, FL with all your life insurance needs.